- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Bitcoin Losses a Pivotal Support
By: bitcoin ethereum news|2025/05/06 20:45:01
0
Share
The Bitcoin prices are consolidating around $94,000 after dropping from the local highs to $98,000. Besides, the trading volume has surged above $20 billion after plunging close to $15 billion. This suggests a notable rise in the trading activity as the whales and the institutional interest in the token have increased. However, the BTC price has broken down from a pattern, which suggests a steep upswing could follow after a decent pullback. The institutional interest in the token has increased yet again as the markets recovered from the Liberation Day shocks. With this, the spot ETF inflows record more than a week of inflows, with BlackRock leading the accumulation. In the past week, BlackRock bought $2.5 billion worth of BTC and accumulated over 41,452 BTC in the past couple of weeks. While institutions are buying, whales are offloading BTC. As per the Santiment data shared by an analyst, Ali, the wallets with 1,000 to 10,000 BTC tokens have dropped from 4.56 million to 4.52 million in the past 10 days. Specifically, the U.S. whales are selling as the Coinbase premium, which had recovered significantly, is now dropping again. Besides, the Bitcoin balance on Binance has also dropped in the past couple of weeks and has reached a multi-year low, flashing the possibility of a supply shock incoming. The BTC price is looking pretty weak after the recent rejection and needs to reclaim the local highs for a bullish continuation. However, a small pullback appears to be in line before the next price action. The daily chart of BTC shows that the price has broken from a rising wedge after reaching the apex of the consolidation. Although the MACD shows an increase in the selling pressure, the rise in the CMF levels suggests a notable rise in the money flow. Hence, after experiencing a small pullback below $92,000, a rise to $100K appears to be inevitable. However, the Bitcoin (BTC) price is believed to maintain a healthy upswing thereafter and form new highs. Source: https://coinpedia.org/price-analysis/bitcoin-losses-a-pivotal-support-heres-the-btc-price-prediction-for-this-week/
You may also like
Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?
In the coming decades, our freedom may be more fragile than we think
Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point
Predictive trading is no longer just an experiment in the crypto space or a niche market but is starting to be integrated into the product suite of traditional trading platforms.
After a 48-hour ban, Claude reached the top of the App Store
Just the day before, ChatGPT was sitting right there
If this is the beginning of the triple halving, what are top investors saying about what to expect?
Hormuz Strait Blockade, Capital War, Oil and Bitcoin
After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow
Following the airstrike, within minutes, Iran's largest cryptocurrency exchange, Nobitex, saw a 700% surge in cryptocurrency outflows.
Pantera Capital Partner: The Financial Trajectory of AI Agents
AI agents will move towards fully autonomous commerce, and blockchain is the only digital-native financial track that meets its needs for identity, micropayments, and trustless execution.
In the next 5 years, Vitalik will scale Ethereum like this
Short-Term vs Long-Term, Execution, Data vs State
Sam Altman and the End of the World Capitalism
The real danger is never AI itself, but those who believe they have the right to define the human destiny.
Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?
Interest rates have remained stubbornly high, posing a challenge to the cryptocurrency bull case.
Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?
What Was the Hottest Topic Among Expats in the Last 24 Hours?
MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene
The global environment is not favorable to us, but in the long run, it may be favorable to us.
Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap
March 2 Market Key Events Overview
Why is it said that there are structural opportunities in encrypted AI?
When centralized AI falls into the dilemma of regulation and trust, Crypto + AI will become a structural escape route for safeguarding data and sovereignty in a multipolar world.
Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents
The predictive market agents are expected to present early prototypes in early 2026, likely becoming an emerging product form in the field of agents in the following year.
Consumer application issues
The truly outstanding applications will not ask people to "use cryptocurrency," but will provide practical and better solutions to the problems that people already face.
Arthur Hayes: The flames of war in the Middle East rise, Bitcoin is bullish
War is often accompanied by monetary easing, which may also become an important backdrop for driving up risk assets like Bitcoin.
Legendary investor Naval: In the AI era, traditional software engineers have no value?
You can always find a perfect niche that fits you and become a leader in that field.
More absurd than knowing about the war in advance is knowing in advance about the assassination of Soleimani
The temptation of a million dollars cannot be stopped by the calamity of prison.
Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?
In the coming decades, our freedom may be more fragile than we think
Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point
Predictive trading is no longer just an experiment in the crypto space or a niche market but is starting to be integrated into the product suite of traditional trading platforms.
After a 48-hour ban, Claude reached the top of the App Store
Just the day before, ChatGPT was sitting right there
If this is the beginning of the triple halving, what are top investors saying about what to expect?
Hormuz Strait Blockade, Capital War, Oil and Bitcoin
After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow
Following the airstrike, within minutes, Iran's largest cryptocurrency exchange, Nobitex, saw a 700% surge in cryptocurrency outflows.
Pantera Capital Partner: The Financial Trajectory of AI Agents
AI agents will move towards fully autonomous commerce, and blockchain is the only digital-native financial track that meets its needs for identity, micropayments, and trustless execution.
App